Irish Quinlan Private has announced that its latest project with US property firm Golub is the construction of a €26.5 million office block in Slovakia’s capital, Bratislava.
The project further cements the Quinlan Private Golub joint venture in eastern Europe, where both companies are involved in a number of schemes worth more than €2 billion under construction. The largest of those is a €1.5 billion development in a suburb of Bratislava, which will include 400,000 square meters of apartments, 110,000 square meters of office space and a further 232,000 square meters of retail space. The scheme is expected to take up to 12 years to complete. The latest office block that will be built in Bratislava by the firm will extend over 23,000 square meters. Construction is likely to commence next month and be completed by 2009.
Earlier this year, Quinlan Private and Golub formed a joint venture with Hungarian property firm SCD to undertake a €450 million development at Lake Balaton in the country. The 178-hectare landbank will include 21 separate development sites and will take seven years to complete. Last month, Quinlan Private raised €725 million from investors that will be used to acquire property in Europe, where the firm founded by Derek Quinlan has an extensive footprint. (Independent, Irland)